Formed in 2017, Interboro Community Land Trust is a citywide CLT that is a collaboration between the Center for New York City Neighborhoods, Habitat for Humanity New York City and Westchester County, the Mutual Housing Association of New York, and the Urban Homesteading Assistance Board.  Over the next five years, Interboro will harness the expertise, resources, and homeownership projects of its founding partners to dramatically increase the stock of permanently-affordable homeownership and wealth-building opportunities available to low- and moderate-income and BIPOC households in the city. CCF will support Interboro’s capacity to build out 11 projects in its pipeline that will generate a total of 432 permanently-affordable homeownership units for households earning between 50% and 100% AMI. These projects are limited-equity housing co-ops and single-family homes that will be located in LMI census tracts in Brooklyn, Queens, and The Bronx.  The land underneath the co-ops and homes will be owned by the CLT.  This arrangement will enable Interboro to ensure that the co-op units and homes not only remain permanently affordable to LMI and BIPOC households, but also remain community-controlled and non-speculative, community assets in perpetuity.

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